ZIP Code 72642

In ZIP code 72642, which covers Gamaliel, households bring in a median of $68,810 a year, working out to $42,171 per person. With homes valued at a median of $224,100, property taxes run at an effective 0.46% county rate — a notably small annual obligation against that home value. Day-to-day purchases carry an 8.75% combined sales tax, so spending is taxed more heavily than property ownership here. The gap between the two rates means a household's budget leans on where money goes: groceries and goods cost more, while owning a home costs less than in many places.